BESTAY is a decentralized home-sharing platform that has been in development for 3 years. Initially, Bestay operated as an independent Ethereum blockchain called BSY. However, the project is now transitioning to a new Polkadot blockchain, which is a federated blockchain alternative to Ethereum 2.0, created by Ethereum co-founder Gavin Wood.

The BSY token is a utility token within the Bestay platform and aligns with the objectives of the home-sharing ecosystem. It is utilized for the following purposes:

- Payment for users' reservations on the Bestay website and app - Rewarding users for activities such as referring friends, participating in bonus and airdrop programs, and engaging in trading competitions - Payment to third-party service providers and product vendors within the Bestay ecosystem - Facilitating exchange transactions between users - Official listing on major exchanges with an expected increase in value.